The Gemcorp funding could not be more timely...Non-holders may argue it's expensive and blah blah blah, while unlocking the actual economic value of Lindi is way more important...Firstly and essentially, getting in front of inflation has given the project an unexpected leg up...
If peer projects had a hard enough time getting funding in the past, they have become even more challenging with inflation doubling down...Lindi and Milo are now the only two projects coming online within the next few years, which gives Lindi an incredible advantage over unfunded projects...
Establishing a respected and being reliable supplier in the marketplace will be important for Lindi moving forward...Understanding the supply chain and how that integrates with an end user can not be overlooked. Security comes in the form of long-term contracts, where the Spot market is more a secondary position with no certainty based on supply and demand fluctuations. With plenty of reserves open in all directions, the project will not be limited to the self-imposed startup tonnage of 40,000 Tpa. The project can expand to 60,000 Tpa annually at 18% TGC using spare capacity. During the commissioning stage, the spare capacity will be optimised for commissioning purposes.
Options during commissioning are higher thru-put tonnage, higher feed grades, variation of motor speeds via VSD control panels, and adjusting levels of floatation from smooth to rougher types of flotation. Different sieve plates can be installed along with baffle plates.
Dry commissioning can begin once the plant is completed in a few short months. Bump tests of motors establishing rotation and load tests can be verified.
Looking forward to this and more follow-up tweets from Mike...
Regards Croc (First mover advantage can not be understated...)
(20min delay)